Category : Debt & Equity

Latest ‘extenders’ law boosts tax benefits for businesses
Construction & DesignDebt & Equity

Latest ‘extenders’ law boosts tax benefits for businesses

REW
by REW1162
By Marc Newman, CPA, associate managing partner, Anchin, Block & Anchin LLP On December 18, President Obama signed into law the bipartisan Protecting Americans from Tax Hikes Act of 2015 (the PATH Act). It makes many popular tax breaks — including some highly valued by businesses — permanent, while extending...
Walker & Dunlop provided $617M in student housing loans in 2015
Debt & Equity

Walker & Dunlop provided $617M in student housing loans in 2015

REW
by REW1455
Walker & Dunlop announced that it originated $617 million in loans backed by student housing properties in 2015. With a growing percentage of high school graduates choosing to pursue higher education, steady growth in college enrollment over the next several years is expected in the United States, which will drive...
Debt & Equity

Hakimian gets $15.5 loan for 41-32 27th Street in LIC

REW
by REW1321
Meridian Capital Group negotiated $15.5 million in construction financing for the ground-up development of a 43-unit luxury multifamily property in Queens, NY, on behalf of the Hakimian Organization. The ­­­­­three-year loan, provided by a foreign lender, features a competitive LIBOR-based floating-rate and interest-only payments for the full term. The transaction...
Mesa West secures $57M deal for Florida developer
Debt & Equity

Mesa West secures $57M deal for Florida developer

REW
by REW1417
Mesa West Capital’s New York office has originated a $56.8 million first mortgage loan to 515 N. Flagler Drive Owner LLC for the acquisition, renovation and stabilization of Northbridge Centre, a Class A office building in West Palm Beach, FL. The sponsor acquired the 287,000 s/f Northbridge Centre from Gaedeke...
Savanna, Atom Assets JV receive $40M loan for 106 West 56th acquisition
Debt & Equity

Savanna, Atom Assets JV receive $40M loan for 106 West 56th acquisition

REW
by REW1186
Savanna and its Hong Kong-based partner Atom Assets, has secured a $40 million loan for its acquisition of 106 West 56th Street. JLL’s Capital Markets experts announced the firm secured $40.4 million in acquisition and pre-development financing on behalf of the joint venture. The site will be developed into a...
SKW Funding closes on $12M loan for East Village, Harlem properties
Debt & Equity

SKW Funding closes on $12M loan for East Village, Harlem properties

REW
by REW1426
SKW Funding closed a $12 million first lien mortgage loan for the refinance and cross-collateralization of two Manhattan properties. The first asset is located between Houston Street and East 1st Street on Second Avenue in the East Village. The site is a predominately vacant land which contains the foundation from...
Debt & Equity

Sugar Hill receives $46.5 in financing for multifamily purchases

REW
by REW1540
Meridian Capital Group arranged $46.5 million in acquisition financing for the purchase of six contiguous multifamily properties totaling 125 units located in New York, NY on behalf of Sugar Hill Capital Partners. The three-year loan, provided by a mortgage REIT, features a LIBOR-based floating-rate and interest-only payments for the full...
Debt & Equity

Sirius Realty receives $15M refinancing for former CVS headquarters

REW
by REW1616
Robert W. Ranieri, senior vice president/managing director of NorthMarq Capital’s Greater Westchester New York/Connecticut regional office, arranged the $15 million refinance of One Theall Road in Rye, New York. “The loan was placed with a regional bank that NorthMarq Capital originates and services for,” said Ranieri. Jesse Krasnow along with...
MG Engineering renews lease at 116 West 32nd Street
Debt & Equity

MG Engineering renews lease at 116 West 32nd Street

REW
by REW1908
MG Engineering, a construction engineering firm, has renewed and expanded its lease for 45,000 s/f at 116 West 32nd Street. Continuing the LEED-certified consulting engineering firm’s rapid growth, the deal is the latest reflection of how engineering, architects and other firms have set records in recent years and reached new...